auto news desk, Tata Motors and Hyundai Motor are giving tough competition to each other in the Indian automobile market. Both the companies have released their sales report for March 2023. Last month, Tata Motors sold a total of 44,044 units while Hyundai Motor sold 50,600 units during the same period. Tata Motors is preparing to launch several new cars in the next few months. Due to which the company is expected to increase the sales further.
Sales of passenger vehicles increased
Tata Motors has sold a total of 44,044 vehicles in the passenger vehicle segment in March 2023, with Nexon and Punch contributing the most. Both these vehicles account for a major share in the company’s sales. While in March 2022, Tata Motors sold a total of 42,293 units of cars, registering a growth of 4.14 percent on an annual basis this year. That is, in March this year, the company has sold 1,751 units more vehicles. At the same time, compared to 42,865 units sold in February 2023, the company registered a growth of 2.75% in March.
New vehicles will be launched
Tata Motors is soon all set to bring the curve in the compact SUV space to attract a huge crowd of customers. Currently, Hyundai Creta is the best selling car in this segment. Along with this, Tata Motors is also going to launch its other cars Nexon Facelift, New Harrier and Safari in the market. Apart from this, it is preparing to launch Punch and Ultros in CNG powertrain. In the beginning of the year 2023 itself, Tata Motors has sold a total of 1,34,899 units. Whereas in the same period last year, the company had sold 1,23,055 units of vehicles. In this way, the company has registered a growth of 9.62 percent on an annual basis. The company has sold 1,31,305 units in the last quarter of 2022 with a growth of 2.74%.
dominance of commercial vehicles
In March 2023, Tata Motors has sold a total of more than 89 thousand vehicles, which is 3% more on an annual basis. During this period, the company sold over 45,000 units of commercial vehicles, up 2% year-on-year, although the company’s exports of commercial vehicles declined by 42% to 1,516 units.